Raymond James Maintains Outperform on Verizon Communications, Lowers Price Target to $42
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Frank Louthan has maintained an Outperform rating on Verizon Communications (NYSE:VZ), but lowered the price target from $51 to $42.
July 26, 2023 | 11:56 am
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Verizon's price target has been lowered from $51 to $42 by Raymond James, though the Outperform rating is maintained.
The lowering of the price target by Raymond James indicates a potential decrease in Verizon's stock price in the short term. However, the maintained Outperform rating suggests that the company is still expected to perform better than other stocks in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100